XAUUSD - KOG REPORT UPDATE:

End of day update from us here at KOG.

Been a great week for us on the markets not just on Gold but the numerous other pairs we trade. A we suggested yesterday we were looking for a long into the 1860 region and then an opportunity to short the market back down initially into the 1850 and then 1845 levels. We did well surpassing that level and then found support around 1836 which is where we're now seeing a bit of a bounce! Not really worth getting into any trades now as its late in the session and you don't want to be stuck in trades over the weekend! If you do get the urge then look for the levels to react, 1846-8 needs to break for this to go higher and 1835 for this to go lower.

They could just close it in this range over the weekend so level to level if you are trading, wouldn't rule out another swoop at that low!

We'll be back on Sunday with the KOG Report. Wishing everyone a great weekend, please do hit the like button and give us a follow.

As always, trade safe.

KOG